Title
a. Receive a report on the prioritization as provided by the Capital Improvement Committee (CIC) of the 2017 Winter Storm Damage repair projects and a financial update; and
b. Provide direction to staff for recommending funding options to the BOS.
Report
RECOMMENDATION:
It is recommended that the Budget Committee:
a. Receive a report on the prioritization as provided by the CIC of the 2017 Winter Storm Damage repair projects and a financial update; and
b. Provide direction to staff for recommending funding options to the BOS.
SUMMARY:
Resource Management Agency (RMA) has developed a matrix of 2017 Winter Storm Damage projects. Staff is seeking direction from the Budget Committee for financing options.
RMA is providing a 2017 Winter Storm financial update that summarizes how the $16.8 million the Board of Supervisors allocated for critical repairs in response to winter storms has been spent or committed. Staff requests consideration of several financing options to fund costs and commitments exceeding the $16.8 million allocation.
DISCUSSION:
On January 23, 2018, RMA presented an update to the Board of Supervisors regarding the status of the 2017 Winter Storm Damage repair projects, Federal Emergency Management Agency (FEMA) reimbursement, and 2018 winterization. The report identified a list of FEMA Road Fund projects that equate to an unfunded need of approximately $31.2 million.
The Board directed staff to develop criteria, present to special CIC Meeting, and return 2/13/18 to BOS with a list prioritizing the pending 2017 Winter Storm Damage projects based on specific criteria. Due to funding challenges, this item was scheduled for BC to consider and recommend funding options to BOS on 3/13/18. Based on discussion from that meeting, staff created the following criteria to rank the project: Public Safety, Function, Project Readiness, and Funding Eligibility. Staff assigned weights to the criterion of approximately 37%, 30%, 18%, and 15%, respec...
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